Orbex - Forex Trading Library

USOIL on course for recovery The WTI crude closes in a full recovery after breaching the 78.00 zone. Still, a full retracement of the previous swing high above 80.50 has some way to go. As the price inches towards the double top of 79.40…
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Beyond Inflation: Why Wage Growth is "Bad" For Central Banks Now that the general theme of central banks has moved towards cutting, some have been able to do so sooner than others. Two of the majors, the Fed and the BOE, are seen as the…
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EURJPY bounces higher The euro remains choppy after the recent European elections caused a stir. On the chart, sentiment remains upbeat as the price grinds along the 20-day SMA. The single currency has consolidated gains after clearing…
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As mentioned last week and on our previous chart, the Dow is facing two main resistances around 38900 and 39220. If prices remain below one of those resistances, another drop toward 37700 will be expected. Above 39220, more advance toward…
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Gold managed to rebound and test the resistance zone at 2312-15, which could maintain the current trading zone toward 2277 the support. Above 2315, more advance toward 2340 and above will be expected. Below 2277, more of a drop will be…
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USDJPY is moving on track with our expectation since last week towards the target of 158.00, as the market printed a high of 157.38. As we see on the Intraday chart, prices are facing a first support level around 156.40. Below 156.40, the…
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In the last two weeks and as seen on our previous chart, the GBPUSD pair met the target of 1.2800 which saw a correction toward 1.2687. Should the market keep trades below 1.2800-15, a further drop will be expected with supports laying at…
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As stated yesterday, the Euro fell below the support of 1.0785-95 on market open this week. Below this level, more of a drop toward 1.0700 will be expected. As seen on the chart, prices are facing resistance around the 1.0800-10 zone and…
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